EDF : EDF and China Datang Corporation signed a cooperation agreement in the
field of thermal energy
EDF and China Datang Corporation signed a cooperation agreement in the field
of thermal energy
Beijing, April 25th 2013 - EDF and the Chinese electricity producer China
Datang Corporation (CDT) signed a cooperation framework agreement in the
presence of Xi Jinping, President of the People's Republic of China and
François Hollande, President of the French Republic.
Through this agreement, both companies express their willingness to co-develop
thermal power projects in China and internationally. Furthermore, the two
groups intend to explore potential technical cooperation in the field of
thermal engineering. This agreement will also strengthen the link between EDF
and CDT in the field of R&D dedicated to promote clean energy technologies.
This agreement is following a first one concluded in 2006 by the two
companies, which allowed EDF to take a 35% stake in the supercritical
coal-fired plant of Datang Sanmenxia Power Phase II (DSPC), located in the
region of Henan in the north of China. This is the most technologically
advanced thermal coal project EDF is involved in.
Coal is a dominant component of the energy mix in Asia and in China. The
generation capacity of the region from this fossil source is expected to reach
1,500 GW in 2020. The extensive use of coal in this part of the world requires
advanced technologies to reduce its impact on the environment. Thanks to
investments made in R&D and development of new projects, the Chinese industry
is now world leader for high performance coal fired power plants with low CO2
Presse Mr. HUANG Yuan,
Carole Trivi & Aurélien Cassuto: +33(1) 40 42 44
19 Division Chief of Department
of Enterprise Culture
Analystes et investisseurs
Kader Hidra & Carine de Boissezon : +33(1) 40 42 Tel +86 139 013 632 34
45 53 - David Newhouse (investisseurs US) :
+33(1) 40 42 32 45
EDF group, one of the leaders in the European energy market, is an integrated
energy company active in all areas of the business: generation, transmission,
distribution, energy supply and trading. The Group is the leading electricity
producer in Europe. In France, it has mainly nuclear and hydropower generation
facilities where 95.9% of the electricity output is CO2-free.
EDF's transmission and distribution subsidiaries in France operate 1,285,000
km of low and medium voltage overhead and underground electricity lines and
around 100,000 km of high and very high voltage networks. The Group is
involved in supplying energy and services to approximately 28.6 million
customers in France. The Group generated consolidated sales of €72.7 billion
in 2012, of which 46.2% outside of France. EDF is listed on the Paris Stock
Exchange and is a member of the CAC 40 index.
CHINA DATANG CORPORATION (CDT) is one of five major Chinese companies in the
sector of electricity production. It is a state-owned enterprise established
in December 2002 after the split of the former State Power Corporation of
China, whose capital is 15.39 billion yuan. CDT owns Datang International
Power Generation Company Limited, a subsidiary listed in London and Hong Kong.
Other activities are the manufacture of equipment for the construction,
engineering services, management of international tenders in the field of
energy. In 2012, Datang Group generates and distributes electricity to more
than 31 provinces and had 16.56GW hydraulic capacity and 8.2 GW of wind
capacity. Clean energy accounted for 22% of its installed capacity. Since
2010, CDT has been listed as a Fortune 500 companies.
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information contained therein.
Source: EDF via Thomson Reuters ONE
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